Knowledge Centre

Why Buying Long Term Health Insurance Policy is a Smart Choice ?

A health insurance plan can significantly cut your chances of financial liabilities during medical emergencies. It comes with multiple benefits but the only issue is the yearly renewal. Whereas, a long term health insurance plan has a tenure of 2 to 3 years, and, thus, you are free from the headache of yearly renewal. These plans can be individual health plans or family health insurance plans

Importance of Long Term Health Insurance Policy

Here are some benefits of going for a long term health insurance policy.

  • No Renewal Worries: Having signed up for a long term health plan, you do not have to go for annual renewals and breathe easy for at least two-three years. With no renewal worries, you are free from missing deadlines and hence, there is no chance of incurring penalty charges or facing hassles during coverage.

  • Less Hassle: Since your two to three years’ worth of health insurance policy is being compiled into one single health plan, you also save yourself from the cost of recurring paperwork. Signing off a single long term health insurance policy encompasses all the documents that might be required during your annual renewal.

  • Avail Benefits and Discounts: Beat inflation with a long term health insurance policy as you lock down your health plan with a one-time payment that needs no revision for at least three years. Moreover, the long tenure also offers benefits to policyholders that can help expand coverage and optimise the expenditure involved in treatment.

  • All-Round Health Protection: Medical issues arrive unannounced and you may not have the time to renew your health plan. With the long term health insurance policy , you are prepared.

The HDFC ERGO Benefit: Long Term Discounts

We know that healthcare comes with no price tag, but the high cost of premium is a big reason for many to pull back from taking a health insurance policy. However, with HDFC ERGO’s my:health Suraksha, this slightly high premium comes with long term discounts, offers and coverage.  Moreover, when the locking period of the insurance is two or three years, the policy will not be revised for the time period. Therefore, you end up saving the extra amount on your recurring premium. Get discount of 7.5%  and 12.5% shall be offered on premium, in case a policy is Purchased for 2-year and 3-year tenure respectively with Annual Premium Payment option.

Why Choose HDFC ERGO?

In addition to a long term tenure, there are few more reasons to consider HDFC ERGO as your primary health insurance provider.

  • Cashless Hospitalisation: Choose from a list of network hospitals and upon admission, talk to the HDFC ERGO executive, furnishing the treatment and admission details. Upon assessment and approval, you can avail cashless claim where your insurance provider will directly send the bill amount to your hospital. There might be a few overhead charges, which you can pay separately.

  • Immediate Claim Settlement: You do not have to wait in long queues or stay on hold as HDFC ERGO’s immediate claim settlement procedure registers, assesses and approves your claim in quick turnaround time. All you have to do is call the 24x7 customer support and register your claim.

  • Home Health Care Benefits: If you or your family members can avail medical treatment from home, then HDFC ERGO can help you avail the best of medical assistance with its home care coverage policy as well. You can also avail cashless home health care treatment.

  • AYUSH Benefits: HDFC ERGO also understands if you prefer to adopt alternative treatments for your ailments. Ayurveda, Unani, Siddha and Homeopathy are some of the alternative treatments covered by us.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales. Additional premium will be charged for optional cover. my:health Suraksha - HDFHLIP20049V041920 UID: D2HI805


Awards & Recognition